| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award Steven Reff's Resume |
Unit 4: Imperfect Competition
• Topic 4.1 Introduction to Imperfectly Competiitve Markets
• Topic 4.2 Monopoly
• Topic 4.3 Price Discrimination
• Topic 4.4 Monopolistic Competition
• Topic 4.5 Oligopoly and Game Theory
• Topic 4.1 Introduction to Imperfectly Competiitve Markets
• Topic 4.2 Monopoly
• Topic 4.3 Price Discrimination
• Topic 4.4 Monopolistic Competition
• Topic 4.5 Oligopoly and Game Theory
| (15% – 22% of the exam) |
| 8 - 10 class periods |
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| Unit 4 Imperfect Competition |
| Week 10 |
Below are lessons for Unit 4: Topics 4.2, 4.3 - 4.5 aligned to the AP® Microeconomics CED.
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.
These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.
Link to the AP® Microeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 4: Imperfect Competition
You will have textbook readings, short videos with 3 multiple choice questions, workbook
assignments, multiple choice questions, "free" response questions and much more.
These resources can be displayed on the instructor's projection system inside the classroom,
or the instructor can copy the links and give to the students as homework.
Link to the AP® Microeconomics CED (Course and Exam Description) to see in-depth
coverage on each of the topics listed below for Unit 4: Imperfect Competition
| Principles of Microeconomics |
| Days 2: Week 10 |
Topic 4.4 Monopolistic Competition, Part I
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| Remember, you still have all of the resources and assessments that The College Board® provides for you and your students. |
| Day 5: Week 10 |
Topic 4.5 Oligopoly
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| eVideos -- Short Videos: |
| eWorkbook Activities Interactive: |
| eTextbook Reading: |
| eREVIEW: Oligopoly |
| FRQs: Monopolistic Competition |
| (3 min. or less, along with 3 multiple choice questions) |
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| eTextbook Reading: |
| eVideos -- Short Videos: |
| eWorkbook Activities Interactive: |
| (3 min. or less, along with 3 multiple choice questions) |
| REVIEW from Week 9 -- Monopoly |
4.2 Monopoly
4.3 Price Discrimination
| Days 1: Week 10 |
The concept of Price Discrimination was already taught in the
eTextbook lesson on 1st Degree-, 2nd Degree-, and 3rd Degree-
Price Discriminating Monopoly found at: Monopoly, Part III
A firm with market power can engage in price discrimination to
increase its profits or capture additional consumer surplus under
certain conditions.
With perfect price discrimination, a monopolist produces the
quantity where price equals marginal cost (just as a competitive
market would) but extracts all economic surplus associated with
its product and eliminates all deadweight loss.
Calculate (using data from a graph or table as appropriate) areas
of consumer surplus, producer surplus, profit (loss), and
deadweight loss in imperfectly competitive markets.
IMPORTANT: If you can answer the questions on this interactive
graphing assignment on the link below entitled Topic 4.3: Price
Discrimination, you can answer most any question on the exam.
Topic 4.3 Price Discrimination
eTextbook lesson on 1st Degree-, 2nd Degree-, and 3rd Degree-
Price Discriminating Monopoly found at: Monopoly, Part III
A firm with market power can engage in price discrimination to
increase its profits or capture additional consumer surplus under
certain conditions.
With perfect price discrimination, a monopolist produces the
quantity where price equals marginal cost (just as a competitive
market would) but extracts all economic surplus associated with
its product and eliminates all deadweight loss.
Calculate (using data from a graph or table as appropriate) areas
of consumer surplus, producer surplus, profit (loss), and
deadweight loss in imperfectly competitive markets.
IMPORTANT: If you can answer the questions on this interactive
graphing assignment on the link below entitled Topic 4.3: Price
Discrimination, you can answer most any question on the exam.
Topic 4.3 Price Discrimination
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| Days 3: Week 10 |
Topic 4.4 Monopolistic Competition, Part II
| eWorkbook Activities Interactive: |
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| Short Questions |
| Long Questions |
| Days 4: Week 10 |
Topic 4.4 Monopolistic Competition, Part III
| Short Questions |
| FRQs: Monopolistic Competition |
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| Topic 4.5 Oligopoly will continue for 3 days in Week 11 |